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ADAMG
Adamas Trust, Inc. 9.125% Senior Notes Due 2030
$23.98
Current Price
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About Adamas Trust, Inc. 9.125% Senior Notes Due 2030
ADAMG is a bond, not a stock. It is the 9.125% Senior Notes due 2030 issued by Adamas Trust, a real estate finance company that invests in mortgage-related assets. Buyers of the notes lend money to Adamas Trust and receive fixed interest payments, with the face value of $25 per note repaid in 2030. The notes trade on an exchange like a stock, so the price moves a little, but it stays close to $25 as long as investors trust the company to pay.